China's Finance Minister Lan Fo’an announced a significant increase in government debt issuance aimed at supporting low-income individuals, revitalizing the property market, and bolstering state banks as the economy grapples with deflationary pressures and low consumer confidence. The government is set to issue approximately 2 trillion yuan ($284.43 billion) in special sovereign bonds, with half earmarked for local governments struggling with debt. Despite recent disappointing economic data, the government maintains optimism about achieving its 5% growth target, although market nerves have surfaced due to the lack of detailed spending plans. Recent stock market fluctuations reflect investor hesitation following a surge in response to earlier government signals of urgency in addressing economic challenges. The plan also includes raising the debt ceiling for local governments to mitigate hidden debt risks, indicating a broader strategy to stabilize the economy amidst global trade tensions. Economists remain cautious, noting that the effectiveness of these measures will be closely monitored as further economic data is released soon.